Senior BIS official highlights risks to Asian economies

Zhang Tao
Zhang Tao
Photo: International Monetary Fund

A senior official at the Bank for International Settlements said Asia-Pacific countries should be prepared to use a wide mix of policy tools to shield their economies from potential financial instability, including macro-prudential measures and capital controls if necessary.

Soaring inflation, tightening monetary policy, supply chain bottlenecks and rising geopolitical tensions pose significant risks to the global economy, warned Zhang Tao, the chief representative for the Asia-Pacific region

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